Are Dave Ramsey’s 7 Baby Steps Overrated?

Dave Ramsey mentions some financial ideas and concepts that make sense, but they do not offer much value because they are not unique or original. Dave went broke while working in real estate, but his ideas are not particularly useful for people who are real-estate investors. Dave does offer some good advice for beginners and those who do not have a lot of financial literacy, but he does not offer much beyond that. Dave has several beliefs that people should not follow. Some beliefs to not follow are that anyone who disagrees with him is an idiot, all debt is bad debt and that credit cards are always bad.

Key Takeaways:

Dave Ramsey gives some sound financial advice but It is not original or unique.
Dave Ramsey gives advice about real-estate that is more geared towards owning a home rather than investing in real-estate properties.
He tends to disregard any information that conflicts with his ideas and he refers to people who disagree with him as idiots.

“Ramsey provides solid advice for increasing income, building an emergency fund, and using the snowball method to pay down debt.”